What is the best way to sell a 1879 S MS 66 DPL Morgan $ ?

[cwhays1-migration]

I was fortunate enough to find this coin while on vacation. It is graded by NGC. I do not collect Morgans and would have not purchased it except it was part of a trade. This is the first time I am going to sell this caliber of a coin. ANY input you may have is welcome. THX

[TomB]

Try ebay and set the price to what you want in order to protect yourself.

[EVillageProwler]

And, make sure that you take a good picture that shows off the cameo contrast as well as the clean cheek.

 

EVP

 

[MikeKing]

Tom, you think Ebay would be better than consigning the coin to Heritage or BM? I'm planning on selling a few coins and was wondering what to do about it myself.

 

 

[Leothelion]

Hi

You'd think the registry set collectors would be interested in this coin. Many don't have it. Here's a link for some ideas for the value of your coin. Lots of NTC graded dollars on ebay.

 

Leo

[TomB]

I think you lose absolutely nothing except a few dollars listing fee to try to move it through ebay and you can specify what you want for it without fear of paying the added charge that Heritage and B&M charge for coins that do not meet the reserve.

[dragon]

cwhays1,

 

That would be a coin I'd be interested in depending on what you're looking to sell it for, and if it's nice for the grade, please PM me if you still have it.

 

dragon

[EVillageProwler]

Regarding the question of eBay vs a more traditional live auction house like Heritage, I think TomB is correct.

 

1. eBay reaches a very large audience -- much larger than Heritage or the other houses.

 

2. eBay reaches an audience with a broad financial profile.

 

3. eBay does not force you to give up 15% to the house.

 

The huge drawback is that eBay doesn't provide a "lot viewing" capability. Thus, the sharp eyes of the industry (or, hobby) won't be bidding shot money even if your coin is PQ. And, consequently, the top market makers are more apt to overlook your coin.

 

Of course, if your coin is at best solid for the grade and designation, and of commensurately typical eye appeal, then your coin would get passed over by the best eyes of the market anyway.

 

There is another drawback with eBay -- less potential for auction frenzy. In a live auction, oftentimes big ego bidders will literally try to beat their competition with their paddle. That lot closes whenever someone gives. For eBay, a lot closes whenever the time allotment is over. I guess it's like baseball vs football!

 

EVP

 

[paigow_johnny]

ANY input you may have is welcome. THX

 

To me for $50